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ASCE says failure to invest in roads and bridges could mean $3 trillion hit to GDP

GasBuddy Blog
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The American Society of Civil Engineers has a stark warning for motorists and politicians: failing to invest enough into roads and bridges could mean a massive $3 trillion hit to gross domestic product by 2020.

ASCE’s Failure to Act economic report series shows the economic consequences of continued underinvestment in our nation’s infrastructure, and the economic gains that could be made by 2020 in terms of GDP, personal disposable income, exports, and jobs if we choose as a country to invest in our communities.

The culminating report was released on January 15, 2013 and presents an overall picture of the economic opportunity associated with infrastructure investment and the cost of failing to fill the investment gap.

I have to ask... where is all the money that's supposed to be collected via gas taxes to help maintain the roads? Use it for that and there's no reason for infrastructure to be in such state of disrepair.

Hey, just hike taxes. Anyone who thinks Obama's "soak the rich" mentality is only for "them" is deceiving themselves. "Government big enough to give you everything is powerful enough to TAKE AWAY everything". In the end, WE will be the ones getting taken for a ride....not to mention our grandchildren.

I take 60 freeway in L.A. to work, and the condition of this freeway is probably no better than some third world country road, where in the name of God is all the tax money they collect on gas, what is happening to this country, where are our priorities??

ASCE says failure to invest in roads and bridges could mean $3 trillion hit to GDP! It is much better to fix the roads and bridges as needed than to wait and have it cost more and more. It will provide much needed jobs that Sneeky cannot provide and faster travel for the motoring public and for the transportation of the nations goods and services.Just make sure the fuel taxes that are collected are used for the repair or replacement of roads and bridges only and not placed in the state's general fund for other uses.Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.The price of fuel at the pump is too high!XII/XXII/MMXII! - The Day After......